A New Year's Eve warehouse dance music party set to host 1,500 partygoers has been shut down at the 11th hour, leaving ticket holders without plans only hours before the clock strikes 12.

The party, organised by Evolution Events, was to be held in a warehouse in Melbourne's port as a tribute to the 'old' days of warehouse parties, and the venue would be announced only to those invited in the days before the event, The Age reported.

It was reportedly shut down by police and liquor licencing authorities.

The New Year's Eve warehouse dance music party was supposed to host 1500 people

A map for the event that was posted to Facebook in the days before New Year's Eve

Evolution Events announced the party would not go ahead on Thursday afternoon

An Evolution Events employee told Daily Mail Australia the venue, on Plummer Street in Port Melbourne, had not met the requirements for holding the party, which was called Evolve.

It had been out of the company's control, the employee said.

'As the promoter we have done everything we can to make sure [the event went ahead].'